useful life

Also found in: Encyclopedia

0.01 sec.

Useful life

The expected period of time during which a depreciating asset will be productive.

Useful Life

The amount of time, as determined by the IRS, that an asset is expected to be used. The useful life is important in determining taxes assessed on the depreciated value of the asset each year. Theoretically, an asset's useful life is equal to its absolute physical life, but, because the useful life is an estimation, this is not always the case.

useful life

(1) In accounting and taxation,the time period over which an asset is depreciated.(2) In appraisal,the time period during which one can expect a positive cash flow from a property.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		Financial browser	?		Full browser	?
asset depreciation range Asset Depreciation Range System CAPEX Capital Budget Capital Budgeting capital expenditure Capital Expenditures Capital Investment Capital Outlay Capital Spending Class Lives Convention cost recovery Cost Recovery Period Depreciate depreciation economic life salvage value Section 179			Urikehai Urimochi Urite Uruguay Round Uruguayan Nuevo Peso Uruguayan Peso US US Savings Bond US Treasury Bill US Treasury Bond US Treasury Note USA PATRIOT Act usable area usable bond USAEDC Usage Variance Usance Usance Draft Usance Letter of Credit Uscite USD USD LIBOR Use and Occupancy Use and Occupancy Insurance Use Value useful life User Fee USN Uso comercial USPAP USS UST Usual Marketing Requirements Usuario Final Usufruct Usufrutto vedovile Usufruttuario usury Usury Law Usury Laws Usury Rate ut Utenze Utile lordo Utili per azioni Utili per azioni diluiti Utilidad Utilidad bruta Utilidad neta Utilisateur final Utilitarian			Used Vehicle Information Package Used Vehicle Measurement Standard Used Vehicles Importers Association Used With used with another thing Used, But in Good Condition used-car used-car lot Used-Fuel Packaging Plant Used-Vehicle Sales and Certification Study USEDA USEDC Usedom Usedom Peninsula USEE USEEP USEF USEFI useful useful useful useful useful Useful Basque phrases useful beam useful beam useful beam Useful Field of View Useful Heat Value Useful Information useful life Useful Lifes Useful line Useful Lives Useful Minerals useful office Useful Plants of West Tropical Africa useful radiation useful radiation useful radiation usefully usefully usefulness usefulness usefulness usefulness Usefulness of Training Topics for Domestic Violence Questionnaire USEG USEI USEIA USEIC USEIGHT Usein Kysytyt Kysymykset Useinov, Mikael Useinov, Mikael Aleskerovich USEIR Useit USEK USEL USELC USELEMCMOC

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.